Stock Market & Financial Investment News

Canadian Solar supplies PV modules to power South Carolina's first solar farmCanadian Solar announced that it was selected to power South Carolina's first solar farm. The Colleton Solar Farm, located near Walterboro, South Carolina is owned and operated by TIG Energy I, LLC, a member of The InterTech Group, Inc. The Colleton Solar Farm utilizes 10,010 Canadian Solar CS6X-300P "Max Power" modules producing a 2.5 MW output capability. The Solar Farm is expected to produce 4,556,000 kWH annually, which would be enough to power 300 residences. Construction began on October 25, 2013 with commercial operation commencing on December 20, 2013.

First Solar, SunPower rally after saying they are in talks to form YieldCo Solar stocks are moving up in extended trading this afternoon after First Solar (FSLR) and SunPower (SPWR) announced that they are in advanced negotiations to form a joint YieldCo vehicle. WHAT'S NEW: First Solar and SunPower announced that they are in advanced negotiations to form a joint YieldCo vehicle to which they each expect to contribute a portfolio of selected solar generation assets from their existing portfolio of assets. Upon the execution of a master formation agreement, the parties intend to file a registration statement with the SEC for an initial public offering of limited partner interests in the YieldCo. Formation of the YieldCo and completion of the IPO are subject to, among other things, the execution of definitive documentation, each party’s board approval and regulatory approval. PRICE ACTION: First Solar is up over 10% to $54.90 in the after hours while SunPower is higher by over 12% to $31.27. OTHERS TO WATCH: Other solar stocks gaining in after-hours trading include SolarCity Corporation (SCTY), Trina Solar (TSL), JA Solar Holdings (JASO), SunEdison (SUNE), and Canadian Solar (CSIQ).